Tools
Income Tax Calculator
FY 2025-26 (AY 2026-27), New Regime. Same math as the mobile app — slabs, 87A rebate, marginal relief, surcharge, cess.
Your income
₹
Annual: ₹12.00 L
₹
₹
₹
New Regime = default
The new tax regime became default from FY 2023-24. Most deductions (80C, HRA, LTA, home loan interest) don't apply here. You get a flat ₹75,000 standard deduction and lower slab rates.Total tax payable (annual)
₹0
Monthly TDS
₹0
Effective rate
0.00%
Take-home / month
₹1.00 L
Take-home / year
₹12.00 L
Slab-wise tax breakdown
| Slab | Rate | Slice | Tax |
|---|---|---|---|
| ₹0 – ₹4.00 L | 0% | ₹4.00 L | — |
| ₹4.00 L – ₹8.00 L | 5% | ₹4.00 L | ₹20,000 |
| ₹8.00 L – ₹12.00 L | 10% | ₹3.25 L | ₹32,500 |
| ₹12.00 L – ₹16.00 L | 15% | — | — |
| ₹16.00 L – ₹20.00 L | 20% | — | — |
| ₹20.00 L – ₹24.00 L | 25% | — | — |
| ₹24.00 L – ∞ | 30% | — | — |
Full computation
Annual salary₹12.00 L
Gross income₹12.00 L
Less: Standard deduction (₹75K salaried)−₹75,000
Taxable income₹11.25 L
Slab tax₹52,500
Section 87A rebate (100% up to ₹12L)−₹52,500
Health & Education Cess (4%)₹0
Total tax payable₹0
Take-home (annual)₹12.00 L
Why New Regime?
Starting FY 2025-26, income up to ₹12 lakh is fully tax-free via Section 87A rebate. Marginal relief kicks in just above ₹12L to avoid a cliff. This makes New Regime a clear winner for most middle-class salaried folks.
When to use Old Regime instead
If you have total deductions of ₹4L+ (80C + 80D + HRA + home loan interest + NPS), the Old Regime may still be cheaper. Compute both on your tax portal before filing.